About Me

Gregg Walker is a Harlem Resident and 1997 graduate of Yale Law School who worked as an investment banker for 9 years and was the Vice President of Strategy and Mergers & Acquisitions at Viacom for 3 years. Gregg served as the Senior Vice President of Corporate Development at Sony from 2009 to 2016, and he launched his own private investing firm in July 2016 (www.gawalker.co). Gregg was chosen in 2010 by Crain's as one of NYC's 40 Under 40 Rising Stars (http://mycrains.crainsnewyork.com/40under40/profiles/2010/gregg-walker). Gregg is a Deacon at Abyssinian Baptist Church and served as the chairman of the Board of the Harlem YMCA. He has served on the Boards of movie studio MGM and music publishing companies Sony/ATV and EMI Music Publishing. He is also a Board member of Harlem RBI and Derek Jeter's Turn 2 Foundation. He is a former Term Member of the Council on Foreign Relations and a representative of the US at the 2002 Young Leaders Conference of the American Council on Germany. Gregg is also a member of many other foundations and community organizations.

Monday, April 4, 2011

Sense-less Census in NYC

The 2010 Census failed to capture the full population of New York City, and New York City is officially demanding that the Census Bureau fix the Census.

Hidden Homes

In New York City, there are many more homes than are obvious at first. Homes are subdivided (some illegally). Families move in together during tough times. New buildings are constructed that fail to appear on lists of addresses with dwellings. Many foreign-born New Yorkers are concerned that filling out Census forms, which are sent out by the federal government once every ten years, will subject them to mistreatment.

Brooklyn grew by less than 2% over the last 10 years according to the Census figures, and Queens experienced essentially no growth in a decade based on those same figures. The Census Bureau itself had estimated in 2009 that Brooklyn had grown by more than 4% since the 2000 Census, but their figures now suggest growth of less than half of that number.

The Census figures showing very little growth for New York City are a threat to the funding of New York City. A large portion of federal and state funding provided to New York City is based on the size of the New York City population. The type of major undercount that New York City believes has occurred in the 2010 Census could result in underfunding for New York City in housing, education, healthcare, and many other key funding categories.

As we have stated previously, the faster growth of states in the West and South relative to states in the Northeast has resulted in a shift of Congressional seats and electoral votes from the Northeast to the West and South. New York State is expected to lose two Congressional seats in the upcoming reapportionment. Though we and many others had expected the lost seats to come from Upstate New York where populations have declined, the disappointing growth figures in New York City may result in lost Congressional representation and political power in New York City.

New York City must successfully obtain corrected figures from the Census Bureau and overcome the problem of hidden homes in order to protect its funding and its political influence.